Yes, normally I would expect a 30-50% premium and not much more, But how many of those other companies that receive those types of offers expect as multiple return on investment from their resource as ours?
Our operating cost is estimated to be $120. Resource $500-700 per ton.
A gold company would have to have in the region of 10 grams per ton to be equal, not mentioning the size of the resource. Imagine the action if a gold company stated similar value.
I expect and quite rightfully imho that such demands an additional premium. How about our sp being artificially depressed ( if one agrees it occured) does that not count for something?
I suspect an initial offer with a 2/3 to 3/4 premium above our recent trading prices.
I expect an improved second offer of no less than 100% above recent sp.
What after that is too much for me to speculate about.